Can't Keep 'Em Down

They go down but they just don't stay down -- and it just keeps happening.

Not long ago we got a disappointing forecast from Qualcomm (QCOM) and the stock got hammered. I said don't worry, the analysts would be right back pushing it because they can't resist. The stock's now up from that forecast.

Or how about Yelp (YELP)? Remember when it did that underwriting at $67 and then got hammered mercilessly down to $61? Guess what? It's now at $69.

Or Union Pacific (UNP), which his now above where the company cut its forecast, reminding us that it isn't just tech that floats back up.

And don't forget McDonald's (MCD) It rallied two points above where it reported a lamented quarter, and it's still up nicely despite the miserable publicity it received today telling us that even the execs know that service is no longer up to snuff.

Which brings me to two more names that I believe will soon go back above levels common wisdom says they can't surpass: Cummins (CMI) and LinkedIn (LNKD). Yes, Cummins missed, but it has the cleaner-burning engines the world needs -- and counting out China is a huge mistake.

LinkedIn was widely criticized as being extremely disappointing, both in its earnings and its guidance. But that was ages ago and people don't even care anymore. They regard it as a buying opportunity as it goes higher, and they won't want to miss it.

This market is like all bull markets. Unless a company has totally and completely screwed up like Cisco (CSCO) did, the decline is a chance to get in. Or if you feel like you've been burned, it's a chance to get out at a higher level. So consider LinkedIn and Cummins, which have a real good feel about them and seem to want to head higher.

Random Musings: This Zulily (ZU) is absurd. It shouldn't be up this much but online e-commerce plays are hard to come by and that shortage is producing this ridiculous move. Remember, everyone has the right to overpay!

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